Former Track Owner Calls Off Fued
The former owners of Kentucky Speedway stop fighting with NASCAR
Kentucky Speedway sued NASCAR in 2005 after being rejected multiple times for a top level race.
Last week a federal appeals court rejected claims by the former owners. In their lawsuit they claimed, NASCAR and International Speedway Corp. violated federal antitrust laws by working with other tracks to keep the 1.5-mile tri-oval in northern Kentucky from getting the Sprint Cup race. The panel said the group failed to prove NASCAR and International Speedway Corp., worked together with other tracks to keep the 1.5-mile tri-oval from getting a Sprint Cup race.
They announced Friday that it will not exercise any remaining legal options in its four-year battle against NASCAR and International Speedway Corp.
Former owner Jerry Carroll said while his partners still believes in the merits of the case, it was time to move on.
NASCAR spokesman Ramsey Poston said NASCAR is pleased the court treated auto racing like other sports and acknowledged it’s right to choose where and when to hold events. Poston said the 2010 racing schedule is set.
The Kentucky Speedway Track was sold to Speedway Motorsports Inc. last year. New owner, Bruton Smith, said he’s hopeful that with the case resolved he can bring a Cup race to the track. Smith said plans are moving forward to help secure a Cup race in 2011.
References
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